Our next guest is in based in the fast-growing New York State cannabis market where he counsels clients on various business matters including, structure, expansion, formation, and sale. He also deals with the dissolution of business entities and partnerships, regulatory compliance, internal and external best practices, compliance audits, and general advice concerning complex and novel issues of law.
We talk about Conditional Adult-Use Retail Dispensary licenses or CAURD licensees that have been granted to the first retail dispensaries to open for legal adult-use cannabis sales in New York State. On the recent decision to allow licensees to select their own site, Jason said "They didn’t necessarily rush issuing the first CAURD licenses and still did not have leased space or funding committed (although FYI, per DASNY (or Dormitory Authority of the State of New York) they are ready to go – they just do not have leased space to start). It shows the lack of practicality of the OCM mission."
He fills us in on why The best bet is to reopen CAURD licensing and let folks who qualify to apply and also have the ability to outfit their own space on their own dime have the opportunity to do so.